1498 Powell Way, Riverside, CA 92501

$589,000

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Sold Price
$589,000
List Price
$589,000
Closing Date
Nov 10, 2025
Status
CLOSED
MLS#
PW25232620
Year Built
1952
Lot Size
6,534
Acres
0.15
Lot Location
Back Yard
Days on Market
8
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level

Property Description

Charming Multi-Gen Opportunity in Prime Riverside Location Welcome to this rare dual-address home — 1498 & 1496 Powell — designed for flexibility and future income. Use it as one expansive 4-bed, 2-bath home, or split into a 3-bed/1-bath main house plus a fully permitted 1 bedroom ADU with its own kitchen & bath. Perfect for multigenerational living, long-term rental, or Airbnb income. Situated close to downtown Riverside and the University of Riverside, this property delivers location convenience and smart design. Enjoy easy commuting, dining, shopping, and transit access—all just minutes away. Key Features: Two legal addresses & separate meters / entries. Main house: 3 bedrooms, 1 bathroom (or expand to 4 beds / 2 baths). Permitted 1 bedroom 2nd unit: full kitchen, bath, private entrance. Great for rental income, in-law setup, or guest quarters. Total Lot size approx. 6,534 sq ft. Walking distance to schools, shops & restaurants. Quick freeway access and close proximity to UCR campus. Excellent “location + use” combo for owner-occupiers and investors. Don’t miss this unique property that blends flexible living with investment potential. Schedule your showing today.

Additional Information

Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Sewer
Public Sewer
Water
Public
Interior Features
All Bedrooms Down
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$51,600
Operating Expense
3720

Listing courtesy of Listing Agent: Carolyn Vazquez (cv@FirstCallCarolyn.com) from Listing Office: Synergy Real Estate.

Listing sold by JAMIE JIMENEZ from REALTY PLUS

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.